You need to pay a bill of 250,000 EURO in 90 days. You have US dollars. You can buy a futures contract today that allows you to buy 125,000 EURO at a rate of $1.0967 (while the spot rate is 1.088) US$ to 1 EURO that matures in 90 days. Margin requirement per contract is $3,350 The following happens. At the end of one month, the contract price changes to 1.09000. Since you have not settled the position, the exchange requires you to adjust the margin requirement. What is the new Margin Account Value and would you be able to take money out of the account or are you required to put money in? (how much) At the end of month two, the contract price changes to 1.07976. Since you have not settled the position, the exchange requires you to adjust the margin requirement. What is the new Margin Account Value and would you be able to take money out of the account or are you required to put money in? (how much) You now need at the 90 day mark to buy the EURO to pay the 250,000 bill due. What was your profit or loss on the contract if the EURO to US$ rate is now 1.07888